Berenberg Bank Reaffirms Buy Rating for Entain (LON:ENT)

Berenberg Bank reiterated their buy rating on shares of Entain (LON:ENT) in a research report report published on Wednesday, Marketbeat reports. The firm currently has a GBX 1,140 ($14.19) price target on the stock.

Several other equities research analysts have also commented on ENT. Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 1,089 ($13.56) target price on shares of Entain in a research report on Thursday. Barclays lowered Entain to an equal weight rating and cut their price target for the stock from GBX 1,120 ($13.94) to GBX 1,070 ($13.32) in a report on Tuesday, February 6th. Jefferies Financial Group reiterated a buy rating and issued a GBX 1,140 ($14.19) price target on shares of Entain in a report on Friday, April 12th. Finally, Shore Capital reiterated a buy rating on shares of Entain in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of GBX 1,143.17 ($14.23).

Entain Stock Up 1.6 %

Shares of Entain stock opened at GBX 837.40 ($10.42) on Wednesday. Entain has a one year low of GBX 718.20 ($8.94) and a one year high of GBX 1,516.50 ($18.88). The company has a debt-to-equity ratio of 134.33, a current ratio of 0.56 and a quick ratio of 0.74. The stock’s 50-day moving average is GBX 834.98 and its 200 day moving average is GBX 894.26. The firm has a market cap of £5.35 billion, a price-to-earnings ratio of -593.90, a PEG ratio of 0.92 and a beta of 1.29.

Entain Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, March 14th will be paid a GBX 8.90 ($0.11) dividend. This represents a dividend yield of 1.07%. The ex-dividend date is Thursday, March 14th. Entain’s dividend payout ratio (DPR) is presently -1,276.60%.

Insider Transactions at Entain

In related news, insider Stella David acquired 65,000 shares of the stock in a transaction dated Monday, March 11th. The stock was purchased at an average cost of GBX 736 ($9.16) per share, with a total value of £478,400 ($595,543.38). Company insiders own 0.19% of the company’s stock.

Entain Company Profile

Entain Plc operates as a sports-betting and gaming company. The company provides online and multi-channel betting under the Ladbrokes name; street and online betting under the Coral name; online sports betting, casino, and gaming under the Eurobet name; scores, sports information, editorial and social content, and sports focused free-to play games under the 365Scores name; sports betting and games under the SuperSport and BetCity names; online betting under the bwin name; and sports betting, poker, and casino games under the Crystalbet name.